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Wingstop price target raised to $360 from $319 at BofA

BofA raised the firm’s price target on Wingstop (WING) to $360 from $319 and keeps a Buy rating on the shares following a Smart Kitchen tour. There is already evidence that the faster speeds of service and lower quote times are translating into incremental sales, as customer satisfaction scores have increased 8% and conversion rates are 5% higher at restaurants with Smart Kitchens, the analyst tells investors following the tour.

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